Konekt Limited reported consolidated earnings results for the six months ended December 31, 2017. For the period, the company reported sales revenue of AUD 38,283,000 against AUD 26,073,000 a year ago. Loss before interest and tax was AUD 1,067,000 against profit of AUD 2,735,000 a year ago. Loss before tax was AUD 1,457,000 against profit of AUD 2,571,000 a year ago. Net loss attributable to members was AUD 1,254,000 or 1.33 cents per diluted share against profit of AUD 1,794,000 or 2.41 cents per diluted share a year ago. Net cash used in operating activities was AUD 63,000 against net cash from operating activities of AUD 4,712,000 a year ago. Purchase of plant and equipment was AUD 57,000 against AUD 513,000 a year ago. Purchase of intangible assets was AUD 356,000 against AUD 532,000 a year ago. As at 31 December 2017, net debt was AUD 10.3 million, reflecting gross debt of AUD 18.3 million. Underlying revenues were AUD 38.6 million compared to AUD 26.31 million a year ago. Underlying EBITDA was AUD 3.99 million compared to AUD 2.98 million a year ago. NPBT (before amortisation) ­ underlying was AUD 2.81 million compared to AUD 2.55 million a year ago. NPAT (before amortisation) ­ underlying was AUD 1.92 million compared to AUD 1.75 million a year ago. EPS (before amortisation) ­ underlying was 2.04 cents compared to 2.39 cents a year ago.


The Company is well positioned going into second half of fiscal 2018 with good momentum in the business and based on a 9 month contribution from Mission Providence for fiscal 2018 and current operations/market conditions, the company expects for the full year fiscal 2018 underlying revenue to be up over 70%, underlying EBITDA to be up over 70% (excluding transaction, integration and one-off costs), underlying EPS before amortisation (EPSA) remains dependent upon finalisation of completion accounting, asset valuation and tax determinations related to the acquisition of Mission Providence.